Crypto exchange BitMEX's two-year effort to sell the company collapsed, with potential buyers including Exodus passing on the deal. Buyers were reportedly put off by the exchange's founder-led ownership structure, its shrinking business, and lingering reputational issues. BitMEX had reportedly sought a valuation of around $1 billion during the process. The company announced on July 24 that it would wind down operations, with a planned closure by September 23.